2011 Tech Rewind: This year in Europe

While the European economy neared the brink of collapse this year, the continent’s Internet startup and technology scene is in better shape than it has been for years.

In 2011, European startups got attention on the global stage, giants from the US increased their presence in cities like London and Dublin, and clusters of fresh activity in cities like Berlin have set the stage for a promising 2012. However, with privacy scandals and antitrust investigations, it hasn’t all been good news, according to a report in The Next Web.

The poor state of the economy has led governments around Europe to look to technology startups to help stimulate the growth. The most high-profile example of this is London’s Tech City project. Announced in late 2010, the initiative designed to support and promote the natural startup hub that has developed in the UK capital’s East End has proved to be a big deal this year.  >>More here

SOURCE:  thenextweb.com

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